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Winklevoss Brothers Launch Fiat-Backed Stablecoin After New York Regulator’s Green Light

Winklevoss Brothers Launch Fiat-Backed Stablecoin After New York Regulator’s Green Light

Tyler and Cameron Winklevoss, creators of cryptocurrency trading platform Gemini, have received permission from New York regulators to launch their own stablecoin, according to a post on Gemini’s Medium Monday, September 10. The so-called Gemini dollar now has the backing of the New York Department of Financial Services (NYDFS). The brothers’ Medium post describes the coins being backed by U.S. dollars that […]

Despite Ban, China Keeps Trading Cryptocurrency Thanks to Tether and VPNs

Despite Ban, China Keeps Trading Cryptocurrency Thanks to Tether and VPNs

Chinese traders are using virtual private networks (VPNs) as a major tool to circumvent the ongoing government crackdown on cryptocurrency trading, local media outlet South China Morning Post (SCMP) reported September 8. According to SCMP, referencing reports from Beijing-affiliated Shanghai Securities Times, traders have begun leveraging stablecoin Tether (USDT) as a means of entering and exiting cryptocurrency markets. Combined with a VPN, […]

Crypto Markets See Rebound, but Total Market Cap Still Below $200 Billion

Crypto Markets See Rebound, but Total Market Cap Still Below $200 Billion

Sunday, September 9: following the bloodbath after this week’s market crash, Bitcoin’s (BTC) price spiked sharply today. Altcoins have mostly followed suit, making markets a mix of red and green, as data from Coin360 data shows. Market visualization from Coin360 Bitcoin (BTC) jumped over 3 percent in under an hour today, proceeding to trade sideways just under the $6,400 […]

5 More Payments Firms to Adopt Ripple’s xVia Tech

5 More Payments Firms to Adopt Ripple’s xVia Tech

Five payments providers in Europe and Asia are set to use Ripple’s xVia technology, the distributed ledger startup announced Thursday. The company’s new customers include U.K.-based firms FairFX, RationalFX and Exchange4Free, in addition to peer-to-peer currency exchange platform MoneyMatch in Malaysia and settlements company UniPay from the Republic of Georgia. Using Ripple’s xVia tech will […]

Bigger Blocks and Smarter Contracts: What’s In Bitcoin Cash’s Next Fork?

Bigger Blocks and Smarter Contracts: What’s In Bitcoin Cash’s Next Fork?

Bitcoin cash’s next software upgrade may be even more ambitious than its first – and that’s no small feat given last time it broke off from bitcoin in acrimonious fashion. In fact, the update, announced in November and slated for May 15, packages together a number of features that all seem about helping the network process more transactions […]